New Zealand Retirement Village Reforms: Fairness, Clarity, and Resident Protection

The New Zealand Government is introducing reforms to the Retirement Villages Act to enhance clarity, fairness, and transparency for residents and their families, addressing issues such as repayment delays and legal complexities. Key changes include clearer legal documents, upfront operator disclosures, an independent disputes scheme, and improved financial protections like timely fund repayments and cessation of fees upon vacancy. These balanced reforms, shaped by extensive public feedback, aim to strengthen residents' rights while supporting the sector’s growth and will be introduced to Parliament mid-next year.